Real Living Wage will ‘challenge’ hospitality industry

Real estate company, Colliers International has said that the introduction of the voluntary Real Living Wage will present a “challenge” to the hospitality sector.

The Real Living Wage rose by 3.6% to £8.75 per hour regionally and by 4.6% in London, bringing it up to £10.20 per hour.

Katherine Chapman, director of the Living Wage Foundation, said the increase was influenced by the level of inflation which is currently at 3%.

James Shorthouse, head of alternative markets at Colliers International, said: “While these salary increases may on the surface seem like positive news for staff working across the UK, for employers who have signed up to the Living Wage Foundation’s recommended £8.75 per hour nationwide and £10.20 in London, the news presents a further challenge to hospitality and F&B operators who face even more pressure on their bottom line adding to Brexit challenges, rent and business rates rises, and increased input costs from imported items.”

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